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October 29th, 2009, 09:30 AM #1Grand Member
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31.480 million spent per job, and it failed
WASHINGTON (AP) - An early progress report on President Barack Obama's economic recovery plan overstates by thousands the number of jobs created or saved through the stimulus program, a mistake that White House officials promise will be corrected in future reports.
The government's first accounting of jobs tied to the $787 billion stimulus program claimed more than 30,000 positions paid for with recovery money. But that figure is overstated by least 5,000 jobs, according to an Associated Press review of a sample of stimulus contracts.
The AP review found some counts were more than 10 times as high as the actual number of jobs; some jobs credited to the stimulus program were counted two and sometimes more than four times; and other jobs were credited to stimulus spending when none was produced
apnews.myway
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October 29th, 2009, 09:36 AM #2
Re: 31.480 million spent per job, and it failed
From the AP ?? Wow.....
But but but......it saved people (unions) from losing jobs right???
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October 29th, 2009, 10:15 AM #3
Re: 31.480 million spent per job, and it failed
I have a feeling its been over-inflated by closer to 15,000 - 20,000 as almost all the jobs that were created are on "projects" which are temporary positions which will vanish when the project is done, including the "trickle down" work... ie steel for bridges, asphalt, rock... etc
once the highway projects are done we are back to where we were... just much poorerThe first vehicles normally on the scene of a crime are ambulances and police cruisers. If you are armed you have a chance to decide who gets transported in which vehicle, if you are not armed then that decision is made for you.
Be prepared, because someone else already is and no one knows their intent except them.
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October 29th, 2009, 10:20 AM #4
Re: 31.480 million spent per job, and it failed
This is what kills me about government. IF these numbers are true why not just send everybody a million dollar check and be done with it?
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October 29th, 2009, 10:38 AM #5Grand Member
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October 29th, 2009, 11:00 AM #6
Re: 31.480 million spent per job, and it failed
That number needs to be based upon the current number of taxpayers, not total population. The latest number I found was for the end of 2008: 156.3 million. That would give $5034.54 per taxpayer (with change left over). Obviously we would need to recalculate based upon up-to-date taxpayer numbers.
It's also much better to be an evicted survivor than an obedient corpse. -GunLawyer001
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October 29th, 2009, 11:27 AM #7
Re: 31.480 million spent per job, and it failed
That 5 thousand per taxpayer isn't right. Lets say there are 160 million taxpayers, give them each a million dollars and you have spent only 160 million dollars. Give them each 5 million dollars and you have only spent 800 million. Divide 787 billion by 160 million and you get 4918.75. What's that mean - almost 5 billion per taxpayer, not thousand. I think?
Last edited by SkullBone; October 29th, 2009 at 11:27 AM. Reason: "I think?"
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October 29th, 2009, 11:30 AM #8
Re: 31.480 million spent per job, and it failed
check your math... its WAY off
IF there are 160,000,000 tax payers and you give them each 1,000,000 dollars... how does it end up with you spending 160,000,000?
you would spend 160,000,000,000,000 or 160 Trillion.
I'm not picky though... I'll settle for letting me actually HAVE my paycheck instead of giving it away to people... I'd rather keep that 30%+ that I lose every friday then get a handout from the govThe first vehicles normally on the scene of a crime are ambulances and police cruisers. If you are armed you have a chance to decide who gets transported in which vehicle, if you are not armed then that decision is made for you.
Be prepared, because someone else already is and no one knows their intent except them.
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October 29th, 2009, 11:32 AM #9
Re: 31.480 million spent per job, and it failed
WOW!! That was my biggest brainfart yet!
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October 29th, 2009, 11:38 AM #10
Re: 31.480 million spent per job, and it failed
It's also much better to be an evicted survivor than an obedient corpse. -GunLawyer001
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